Financial Data and Key Metrics Changes - Earnings per share for Q1 2025 were $0.33, with EBITDA nearly reaching $600 million [31][34] - Cash generation was strong, with an EBITDA conversion rate of 87% over the past 12 months, exceeding the long-term target of 80% [34] - Cash balance at the end of Q1 2025 was $1.9 billion, with $579 million used from operating activities [36] Business Line Data and Key Metrics Changes - Olefins and Polyolefins Americas segment generated EBITDA of $251 million, impacted by planned and unplanned maintenance [40] - Olefins and Polyolefins Europe, Asia, and International segment saw EBITDA improve to $17 million, with cracker utilization increasing to approximately 80% [46] - Intermediates and Derivatives segment EBITDA was $211 million, a decline of $39 million due to margin compression [50] - Advanced Polymer Solutions segment achieved EBITDA of $46 million, a 30% increase year-over-year [55] Market Data and Key Metrics Changes - North American polyethylene and polypropylene sales volumes were down 2% and 1% respectively in March year-to-date [42] - European cracker margins improved due to lower feedstock costs, with modest signs of seasonal improvement in demand [48] - Trade policy volatility is expected to shift trade flows, impacting near-term trade disruptions [62] Company Strategy and Development Direction - The company is focused on reshaping its portfolio, having closed several assets and aiming to reduce annual fixed costs by approximately $300 million [12][68] - The value enhancement program is expected to unlock $1 billion in recurring annual EBITDA by the end of 2025 [13][70] - The Flex-2 project is set to strengthen market position and reduce costs, with an estimated EBITDA benefit of approximately $150 million per year post-startup [28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the current downturn without compromising strategy, aiming to emerge stronger and more resilient [15][20] - The ongoing cash improvement plan targets an additional $500 million in cash flow improvements for 2025 [17] - Management remains cautious about cost trends for the remainder of the year, despite declining feedstock costs [44] Other Important Information - The company is actively managing capital expenditures, reducing spending by approximately $300 million relative to guidance in 2024 [14] - The closure of the Dutch PO joint venture with Covestro was announced as part of the strategy to ensure asset alignment with company goals [52] Q&A Session Summary Question: Outlook for the polyethylene industry in China - Management noted that demand in China remains weak, with stimulus initiatives not yet focused on direct consumption [75] - The polyethylene trade deficit in China is expected to persist, impacting capacity utilization [76] Question: Potential tariff impacts to U.S. feedstocks - Management indicated that trade policies are dynamic, and they are working closely with customers to navigate potential changes [86] Question: Capital spending outlook - Management confirmed that they will continue to prioritize and de-prioritize capital expenditures based on market conditions [92][108] Question: Impact of reduced U.S. polyethylene exports to China - Management stated that they are not heavily reliant on exports and have strong domestic volumes, with trade flows expected to adjust [101][104] Question: European stimulus impact - Management expressed cautious optimism about the potential benefits of European stimulus measures, particularly for circular products [130][132] Question: Trough EBITDA expectations - Management indicated that the current environment suggests a lower trough EBITDA, but they expect mid-cycle EBITDA to improve significantly in the long term [135]

Financial Performance - Revenues for Q1 2025 were $7,677 million, a decrease of $131 million or 2% compared to Q4 2024, and a decrease of $627 million or 8% compared to Q1 2024[91][94]. - Operating income for Q1 2025 was $114 million, an increase of $711 million or 119% compared to Q4 2024, but a decrease of $537 million or 82% compared to Q1 2024[97][98]. - Comprehensive income for Q1 2025 was $262 million, an increase of $1,023 million compared to Q4 2024, but a decrease of $155 million compared to Q1 2024[105]. - Income from discontinued operations increased by $194 million in Q1 2025 compared to Q4 2024, and by $114 million compared to Q1 2024[104]. - Revenue decreased by $54 million, or 31%, in Q1 2025 compared to Q4 2024, and by $72 million, or 38%, compared to Q1 2024[141]. Segment Performance - The O&P-Americas segment reported revenues of $2,481 million in Q1 2025, down from $2,754 million in Q4 2024 and $2,871 million in Q1 2024[111]. - The O&P-EAI segment reported an operating loss of $23 million in Q1 2025, compared to an operating loss of $1,066 million in Q4 2024[111]. - The I&D segment experienced a decline in operating income, reporting a loss of $9 million in Q1 2025 compared to a profit of $137 million in Q4 2024[111]. - O&P-Americas segment revenue decreased by $273 million, or 10%, in Q1 2025 compared to Q4 2024, and by $390 million, or 14%, compared to Q1 2024[114]. - O&P-EAI segment revenue increased by $129 million, or 5%, in Q1 2025 compared to Q4 2024, but decreased by $145 million, or 5%, compared to Q1 2024[121]. - I&D segment revenue decreased by $59 million, or 3%, in Q1 2025 compared to Q4 2024, and by $288 million, or 11%, compared to Q1 2024[126]. - APS segment revenue increased by $83 million, or 10%, in Q1 2025 compared to Q4 2024, but decreased by $57 million, or 6%, compared to Q1 2024[134]. EBITDA and Operating Metrics - EBITDA for the O&P-Americas segment decreased by $245 million, or 49%, in Q1 2025 compared to Q4 2024, and by $270 million, or 52%, compared to Q1 2024[116]. - EBITDA for the O&P-EAI segment increased by $1,173 million, or 101%, in Q1 2025 compared to Q4 2024, and by $3 million, or 21%, compared to Q1 2024[123]. - EBITDA for the I&D segment decreased by $147 million, or 61%, in Q1 2025 compared to Q4 2024, and by $218 million, or 70%, compared to Q1 2024[129]. - The absence of impairment charges in Q1 2025 led to a 72% increase in EBITDA for the O&P-EAI segment compared to Q4 2024[124]. Cash Flow and Capital Expenditures - Cash used from operating activities in Q1 2025 was $579 million, primarily due to a build of working capital[90]. - The company invested $483 million in capital expenditures during Q1 2025 and returned $543 million to shareholders through dividends and share repurchases[90]. - Capital expenditures totaled $483 million in both Q1 2025 and Q1 2024, with approximately 65% in 2025 supporting maintenance activities[151]. - Cash used in operating activities was $579 million in Q1 2025, primarily due to increased accounts receivable and inventories[149]. Debt and Financing - As of March 31, 2025, total debt was $11,220 million, with $4,650 million of unused availability under credit facilities[158][159]. - The company may struggle to incur additional indebtedness or obtain financing on acceptable terms, increasing overall expenses[172]. - Non-compliance with credit facility terms could lead to accelerated obligations that may not be repayable[172]. Future Outlook and Strategic Plans - The company expects seasonal demand improvements in Q2 2025, with operating rates projected at 85% for O&P-Americas and 75% for European O&P-EAI assets[163][165]. - The company plans to achieve $500 million in annualized savings through a Cash Improvement Plan, including a $100 million deferral of capital spending[156]. - The company anticipates improved Oxyfuels margins due to higher gasoline crack spreads during the summer driving season[163]. Risks and Challenges - The company may need to reduce production or idle certain facilities due to the cyclical and volatile nature of the supply-demand balance in the chemical and refining industries, negatively affecting operating results[172]. - Significant international operations expose the company to fluctuations in exchange rates and potential liquidity issues, which could negatively affect results of operations[172]. - The company faces global business risks, including wars and political instability, which could lead to increased expenses and decreased demand for products[172]. - Failure to achieve emission reduction and sustainability targets could harm the company's reputation and impact investor sentiment[172]. - The company's ability to execute its value enhancement program is critical for expected results[172]. - The company relies on continuous technological innovation, and inability to protect its technology could negatively impact its competitive position[172].

Core Viewpoint - LyondellBasell Industries N.V. reported a significant decline in profits and revenues for the first quarter of 2025 compared to the previous year, with adjusted earnings missing consensus estimates, indicating challenges in various segments due to increased costs and lower margins [1][2][4]. Financial Performance - The company recorded a profit of $177 million or 54 cents per share, down from $473 million or $1.44 per share in the same quarter last year [1]. - Adjusted earnings were 33 cents, a decrease of 74.8% from $1.31 in the prior-year quarter, missing the Zacks Consensus Estimate of 36 cents [1]. - Net sales for the first quarter were $7,677 million, surpassing the Zacks Consensus Estimate of $7,593.3 million but down 7.6% from $8,304 million in the prior-year quarter [2]. Segment Highlights - **Olefins & Polyolefins — Americas**: Revenues decreased approximately 13.6% year over year to $2,481 million, missing the Zacks Consensus Estimate of $2,737.8 million. EBITDA fell by $270 million from the first quarter of 2024, primarily due to reduced ethylene margins from higher energy costs [2]. - **Olefins & Polyolefins — Europe, Asia, International**: Revenues were $2,600 million, down 5.3% year over year but beating the Zacks Consensus Estimate of $2,550.8 million. Olefins results declined by around $20 million due to increased feedstock costs [3]. - **Advanced Polymer Solutions**: Revenues were $908 million, down 5.9% from $965 million in the prior-year quarter, lagging behind the Zacks Consensus Estimate of $948.4 million. EBITDA rose by $11 million due to improved sales margins [4]. - **Intermediates and Derivatives**: Revenues decreased around 11.1% year over year to $2,298 million, missing the Zacks Consensus Estimate of $2,472.9 million [5]. - **Technology Segment**: Revenues were $120 million, down approximately 37.5% year over year, lagging the Zacks Consensus Estimate of $175.4 million. EBITDA fell by $66 million due to reduced licensing revenues [6]. Cash Flow and Capital Allocation - The company used $579 million in cash from operating activities and maintained a balanced capital allocation strategy, investing $483 million in capital expenditures and returning $543 million to shareholders through dividends and stock buybacks [7]. Outlook - For the second quarter, the company anticipates improved seasonal demand across most business segments, with easing U.S. natural gas and ethane feedstock prices benefiting operations [8]. - Oxyfuels margins are expected to rise as gasoline crack spreads widen during the summer driving season, and ongoing capacity reductions in Europe are projected to enhance the regional supply-demand balance [8][10]. Price Performance - Shares of LyondellBasell have declined by 40.6% over the past year, compared to a 25.7% decline in the industry [11].

Core Viewpoint - LyondellBasell reported quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.36 per share, and showing a significant decline from $1.53 per share a year ago, indicating a challenging financial performance for the company [1][2]. Financial Performance - The company posted revenues of $7.68 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.10%, but down from $9.93 billion year-over-year [2]. - Over the last four quarters, LyondellBasell has exceeded consensus revenue estimates three times, but has only surpassed EPS estimates once [2]. Stock Performance - LyondellBasell shares have declined approximately 20.2% since the beginning of the year, contrasting with the S&P 500's decline of 6.8% [3]. - The stock currently holds a Zacks Rank of 5 (Strong Sell), indicating expectations of underperformance in the near future [6]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.40 on revenues of $7.91 billion, and for the current fiscal year, it is $4.49 on revenues of $31.11 billion [7]. - The trend of estimate revisions for LyondellBasell has been unfavorable leading up to the earnings release, which may impact future stock movements [6]. Industry Context - The Chemical - Diversified industry, to which LyondellBasell belongs, is currently ranked in the bottom 14% of over 250 Zacks industries, suggesting a challenging environment for companies in this sector [8].

Financial Performance - Net income for Q1 2025 was $177 million, compared to a net loss of $603 million in Q4 2024 and a net income of $473 million in Q1 2024[2] - Diluted earnings per share for Q1 2025 were $0.54, up from a loss of $1.87 in the previous quarter and down from $1.44 in the same quarter last year[2] - EBITDA for Q1 2025 was $655 million, compared to a negative EBITDA of $399 million in Q4 2024 and $1,046 million in Q1 2024[2] - Net income excluding identified items for Q1 2025 was $110 million, down from $255 million in Q4 2024[27] - The provision for income taxes related to identified items was $12 million in Q1 2025, compared to a benefit of $266 million in Q4 2024[27] Shareholder Returns - The company returned $543 million to shareholders through dividends and share repurchases during the quarter[4] - Dividends paid for common stock in Q1 2025 amounted to $433 million, with an additional $110 million spent on share repurchases[32] Operational Highlights - U.S. polypropylene volumes increased by 12% compared to the prior quarter, with operating rates rising by 20 percentage points to 85% of nameplate capacity[7] - Cash used by operating activities in Q1 2025 was $579 million, with $483 million invested in capital expenditures[9] - The company held $1.9 billion in cash and cash equivalents at the end of Q1 2025, maintaining $6.5 billion in available liquidity[9] - Total liquidity as of March 31, 2025, was $6.52 billion, comprising $1.87 billion in cash and cash equivalents and $3.75 billion available under the Senior Revolving Credit Facility[31] Strategic Actions - LyondellBasell announced a $500 million Cash Improvement Plan aimed at strengthening financial results amid ongoing macroeconomic volatility[10] - The closure of the Dutch PO joint venture and ceasing refinery operations were part of the strategic actions taken to optimize the portfolio[4] - The company ceased operations at its Houston refinery, reporting the results as discontinued operations[29] - The company reported exit costs of $117 million related to the shutdown of the Dutch PO joint venture in Q1 2025[29] Asset Management - Asset write-downs in Q4 2024 totaled $1,065 million, including a non-cash impairment charge of $837 million for European assets[28]

Core Insights - LyondellBasell Industries reported a net income of $177 million for Q1 2025, a significant recovery from a net loss of $603 million in Q4 2024, and a decrease from $473 million in Q1 2024 [1][4] - The company’s diluted earnings per share (EPS) was $0.54, compared to a loss of $1.87 in the previous quarter and $1.44 in the same quarter last year [1][4] - EBITDA for Q1 2025 was $655 million, recovering from a negative EBITDA of $399 million in Q4 2024, but down from $1,046 million in Q1 2024 [1][4] Financial Performance - Sales and other operating revenues for Q1 2025 were $7,677 million, down from $7,808 million in Q4 2024 and $8,304 million in Q1 2024 [1] - Net income excluding identified items was $110 million, down from $255 million in Q4 2024 and $433 million in Q1 2024 [2] - Cash used by operating activities was $579 million, with $543 million returned to shareholders through dividends and share repurchases [4][8] Strategic Actions - The company is focusing on a three-pillar strategy, including strengthening its U.S. Gulf Coast position and optimizing its global footprint with cost-advantaged feedstocks [4][9] - A $500 million Cash Improvement Plan has been announced to enhance financial results [4][9] - The company has ceased operations at its Houston refinery and announced the closure of a Dutch PO joint venture, resulting in exit costs of $117 million [4][26] Market Conditions - In North America, integrated polyethylene profitability faced challenges due to lower volumes and margins, while U.S. polypropylene volumes increased by 12% compared to the prior quarter [6] - European operations benefited from improved ethylene cracker utilization and seasonal demand, leading to better profitability in integrated polyethylene [6] - Margins in the acetyls and oxyfuels value chains declined due to higher natural gas prices impacting costs [7] Outlook - The company anticipates seasonal demand improvements across most businesses in Q2 2025, with moderated U.S. natural gas and ethane feedstock costs [10] - Oxyfuels margins are expected to improve with higher gasoline crack spreads during the summer driving season [10] - The company plans to maintain operating rates of 85% for North American olefins and polyolefins assets in Q2 2025 [11]

Core Viewpoint - LyondellBasell Industries is recognized as one of the largest specialty chemical companies globally and is currently favored as a high-yield dividend stock with a notable dividend yield of 9.3% [1]. Company Overview - LyondellBasell Industries operates in the specialty chemicals sector and is listed on the NYSE under the ticker LYB [1]. Investment Appeal - The company is highlighted for its attractive dividend yield, making it a popular choice among investors seeking high-yield dividend stocks [1].

LyondellBasell Industries N.V. (LYB) is scheduled to report first-quarter 2025 earnings on April 25, before the opening bell.The company surpassed the Zacks Consensus Estimate in two of the last four quarters, missed once and reported in-line results on the other occasion, with the average earnings surprise being 0.2%.LYB stock has lost 42.3% in the past year compared with the Zacks Chemicals Diversified industry’s 26.3% decline.Image Source: Zacks Investment ResearchLet’s see how things are shaping up for ...

HOUSTON, April 15, 2025 (GLOBE NEWSWIRE) -- LyondellBasell (NYSE:LYB), a global leader in the chemical industry, today released its 2024 Sustainability Report, demonstrating significant progress in circular and low-carbon solutions, climate action and operational excellence. "At LYB, sustainability is an opportunity to reimagine the future and create long-term value," said Peter Vanacker, CEO of LyondellBasell. "Our 2024 report, ‘From Vision to Value,' highlights how we are rethinking the status quo and acc ...

休斯顿, April 15, 2025 (GLOBE NEWSWIRE) -- 全球化⼯⾏业的头部企业利安德巴赛尔 (NYSE: LYB) 今天发布了 2024 年可持续发展报告：从愿景到价值 (2024 Sustainability Report: From Vision to Value) ， 展示其在循环和低碳解决⽅案、⽓候⾏动和卓越运营⽅⾯取得的重⼤进展。 利安德巴赛尔⾸席执⾏官 Peter Vanacker 表示："在 LYB，可持续发展是重新构想未来和创造⻓期价值 的机会。2024 年度报告《从愿景到价值》重点介绍了我们如何重新思考现状，并通过投资创新技术、 加强合作，以及将可持续发展融⼊核⼼战略，加速迈向循环和低碳未来。" 2024 年可持续发展亮点： 可持续交通和食品安全到清洁水和优质医疗。如需了解更多信息，请访问 www.lyondellbasell.com 或在 LinkedIn 上 关注 @LyondellBasell。 媒体垂询请联系： Nick Facchin 价值提升计划 (Value Enhancement Program，VEP) 取得成功：以员⼯为主导的 VEP 计划累计带来 ...